BREAKING: ‘INDIA Alliance Ruined PSBs’: Sitharaman Slams UPA Over Bad Loans, Hits Back At Akhilesh

Oct 14, 2026

Union Finance Minister Nirmala Sitharaman has hit back at Samajwadi Party chief Akhilesh Yadav over his “Season End Sale” remark on the proposed IDBI Bank-Fairfax deal, accusing the INDIA alliance of damaging public sector banks (PSBs).Sitharaman criticised the UPA government’s handling of the banking sector, alleging that it left banks in a dire financial state marked by bad loans and crony capitalism. She defended the Narendra Modi government’s record, crediting it with revitalising the banking system and expanding access to financial services for economically disadvantaged sections.The political face-off has reignited debate over bank disinvestment, public sector banking reforms and the financial legacy of the UPA versus the Modi government.What is behind the IDBI-Fairfax deal controversy? Why has Akhilesh Yadav called it a “Season End Sale,” and how has Sitharaman countered the Opposition’s criticism? n18oc_indian18oc_breaking-newsn18oc_politicsNews18 Mobile App - https://onelink.to/desc-youtube

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